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I-T dept searches Chinese entities over hawala transactions of Rs 1,000 cr

In their crackdown on these Chinese companies, the tax authorities launched an extensive search operation at 21 premises across Delhi, Ghaziabad and Gurugram

Topics
hawala | I-T Department | I-T raids

Shrimi Choudhary  |  New Delhi 



income tax
During the searches, tax officials found incriminating documents with respect to hawala, with an active involvement of bank employees and chartered accountants

The income-tax (I-T) department on Tuesday unearthed a massive nexus of and individuals that had allegedly created several shell firms to carry out money laundering and transactions of over Rs 1,000 crore.

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First Published: Tue, August 11 2020. 22:16 IST

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